Even though the Florida real estate market has declined since 2006, the purchase or sale of a home is still one of the most important decisions of most people’s life. Real estate and mortgage fraud was rampant during the bubble; the consequences are felt now. “Foreclosure”, “short sale” and “deed in lieu” are the new buzz words. Unmarketable property titles, liens, and uninhabitable properties are an everyday concern.
If you are buying or selling a home, having a real estate attorney is just as important as having a realtor. Real estate attorneys don’t guess about legal matters, they have to know. It is common for parties to get to the closing table and have something unexpected ruin the deal. Surprises are not welcome at the closing table. If you are buy or selling a home it is essential that you have an attorney represent you. Many times, an attorney may pay for himself by negotiating fees in your favor. How Wild, Felice & Partners, PA protects Sellers.
It is crucial that sellers are familiar with Florida law regarding property and disclosures so that they don’t run into problems when listing their property. In addition, title problems need to be identified early so the seller's Real Estate Attorney resolves them can make sure the closing happens on time or in severe cases can help save the deal. Finally, a seller should always be represented by a real estate attorney at the closing table to address any unexpected issues that could delay the closing and to make sure that the closing documents have been properly prepared and executed. How Wild, Felice & Partners, PA protects Buyers A buyer should understand the importance of having the representation of an experienced Real Estate Attorney. An attorney will review a proposed contract.
The real estate contract will direct such matters as the amount of the deposit, the circumstances under which the deposit may be released or refunded, the time frame for inspecting the property, the seller's contribution to pay for certain repairs, the seller’s contribution for property subject to assessments or homeowner's association dues, the process for resolving survey or title problems, the allocation of closing costs, the closing date and dispute resolution.
The buyer's Real Estate Attorney will assure that the closing documents are executed properly and should any irregularities arise at the closing table, the buyer's real estate attorney will be there to advise the buyer as to their rights and obligations under the contract. You don't want to wait until you get to the closing table before you ask questions and express any worry about the consequences of your transaction. It is necessary that you have the answers before you get to the closing table if you wish to avoid unexpected surprises or delays. Wild, Felice & Partners, PA specializes in real estate transactions; contact us for a free consultation.
For more information, or to make an appointment with one of our South Florida real estate attorneys, please contact us at (954) 944-2855
